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Fly News Breaks for August 14, 2019
Aug 14, 2019 | 07:29 EDT
B. Riley FBR analyst Zack Silver lowered his price target for Sinclair Broadcast Group (SBGI) to $61 from $70 to factor in the potential negative impact from the elimination of Dish (DISH) carriage in perpetuity. The analyst, however, keeps a Buy rating on the shares. He's optimistic that a deal between Dish and Sinclair gets done for the FOX regional sports networks, shortly after Sinclair closes the RSN acquisition.
News For SBGI;DISH From the Last 2 Days
Sep 18, 2019 | 17:44 EDT
AT&T (T) is looking into parting ways with its DirecTV satellite business, the Wall Street Journal's Shalini Ramachandran and Drew FitzGerald report, citing people familiar with the matter. The telecommunications giant has weighed various options, including a spinoff of DirecTV into a separate public company and a combination of the satellite unit's assets with rival Dish Network (DISH), the authors say. AT&T may ultimately opt to keep DirecTV in the fold, the authors note. Reference Link